Hed Group INC FY2023 filing

Tax-deductible

Tuscaloosa, AL501(c)(3)Community DevelopmentEIN 81-4405994Revenue $1.1M in FY2023

On file with the IRS1130 University Blvd Ste B5 # 350, 35401-0328 · Tuscaloosa, ALTax-exempt since Mar 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The charity rasises money to be distributed by the Greene County Sherriff's office to organization for the public benefit.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $124K a year · 22% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+59% vs prior year
Spent
$546K
To programs
100%
Net assets
$630K
By yearFY2018–FY2024
Revenue
$1.1M
FY2023▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2018$0
FY2019$0
FY2020$0
FY2021$0
FY2022$699K
FY2023$1.1M
FY2024−$75K
Expenses
$546K
FY2023▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2018Not on file
FY2019Not on file
FY2020Not on file
FY2021Not on file
FY2022$631K
FY2023$546K
FY2024$182K
Net assets
$630K
FY2023▲ +831%
Tap a bar for its year
Net assets by fiscal year
FY2018Not on file
FY2019Not on file
FY2020Not on file
FY2021Not on file
FY2022$68K
FY2023$630K
FY2024$373K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $546K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
See Hed Group INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds for the Greene County Sheriff's Office to support public benefit programs.

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Provided by the organization

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1 program · $546K · in their own filed words · FY2023
01

The charity rasises money to be distributed by the Greene County Sherriff's office to organization for the public benefit.

$546Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 23 grants · $1.4M · 2022–2024
Next Level Leaders INCAL · FY2024$91,000
Next Level Leaders INCAL · FY2023$246,000
Reach INCAL · FY2023$6,191
James C Pool Memorial LibraryFY2023$6,191
Guadalupan Missionary Sisters of the HsFY2023$6,191
Greene County Housing Authority YouthFY2023$6,191
Individual RecipientFY2023$6,191
Eutaw Housing AuthorityFY2023$6,191
Next Level Leaders INCAL · FY2022$260,000
Reach INCAL · FY2022$12,324
James C Pool Memorial LibraryFY2022$12,324
Guadalupan Missionary Sisters of the HsFY2022$12,324
Greene County Housing Authority YouthFY2022$12,324
See all 23 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Other incomeLn 4–11$1.1M
Money outPt IX
$546K
Ln 25
Programscol B$546K
Owns and owesPt X
$630K
net assets · Ln 32
Cash and savingsLn 1–2$572K
Total assetsLn 16$630K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$1.1M
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$572K
Cash and savings togetherLn 1–2$572K
Other assetsLn 15$59K
Total assetsLn 16$630K
LiabilitiesLn 26$0
Net assetsLn 32$630K
OperationsPt I, VI
EmployeesI 536
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$315K$572K
Total assetsLn 16$315K$630K
LiabilitiesLn 26$247K$0
Net assetsLn 32$68K$630K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$546K$546K
Total functional expensesLn 25$546K$546K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$75K$182K−$257K$373K 990 PDF
FY2023 Viewing $1.1M$546K$563K$630K 990 PDF
FY2022 $699K$631K$68K$68K 990 PDF
FY2021 $0 990 PDF
FY2020 $0 990 PDF
FY2019 $0 990 PDF
FY2018 $0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,109,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $698,907$1,109,129
I-12 Total revenuePrior year $698,907$1,109,129
I-13 Grants and similar amounts paidPrior year $631,175$546,402
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$0
I-18 Total expensesPrior year $631,175$546,402
I-19 Revenue less expensesPrior year $67,732$562,727
Part VI · Governance 2 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,109,129 across 1 lines filed
Lines not itemized here account for $1,109,129 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $1,109,129 · Unrelated business $0 · Excluded from tax $0$1,109,129
Part IX · Statement of functional expenses $546,402 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $546,402$546,402
IX-25 Total functional expensesPrograms $546,402 · Management $0 · Fundraising $0$546,402
Part X · Balance sheet $630,459 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $314,876$571,777
X-15 Other assetsStart of year $0$58,682
X-16 Total assetsStart of year $314,876$630,459
X-25 Other liabilitiesStart of year $247,144$0
X-26 Total liabilitiesStart of year $247,144$0
X-32 Total net assets or fund balancesStart of year $67,732$630,459
X-33 Total liabilities and net assetsStart of year $314,876$630,459
Part XI · Reconciliation of net assets $630,459 net assets at year end
XI-1 Total revenue$1,109,129
XI-2 Total expenses$546,402
XI-3 Revenue less expenses$562,727
XI-4 Net assets at start of year$67,732
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$630,459

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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